PORT OF SPAIN, Trinidad-This country’s credit unions are protesting a government proposal that would give the country’s Central Bank oversight over CUs.
CU News From Around the Planet
KINGSTON, Jamaica-Mozido Inc. is partnering with a division of the Jamaica Cooperative Credit Union League to create a mobile wallet. The Austin-based company is teaming with the Centralized Strategic Services Ltd. that extends financial services to Jamaica’s underbanked, the company reported.
WESTMEATH, Ireland.—Mullligar Credit Union participating as a local organizer in “The CU Factor,” a play on television’s “The X Factor,” with a talent competition open to students ages 12-19 who can sing, dance, play music, or comedy act.
EDINBURGH, Scotland—Capital Credit Union has been recognized by a motion in the Scottish Parliament commending it for a partnership with City of Edinburgh Methodist Church to facilitate the provision of credit union financial services to staff, members and the wider community in Edinburgh, Lothians and Borders.
LONDON—The U.K’s Council of Mortgage Lenders (CML), which represents institutions holding approximately 95% of the assets of the U.K. mortgage market, has offered a response to a consultation paper released by Her Majesty’s Treasury (HMT) on credit unions and mortgage lending.
TORONTO-Canada’s credit unions have launched a national campaign called “My Credit Union Matters” in support of a proposed Capital Growth Tax Credit for CUs.
SYDNEY, NSW, Australia—A credit analytics firm is reporting that $1.9-billion worth of credit applications in Australia during 2013-2014 are “high risk” and have “potential links to known fraud events.
DUBLIN, Ireland—Credit unions in Ireland are disputing a report that has drawn headlines across the country that they used “illegal tactics” to “obtain confidential details belonging to unsuspecting customers across the country.”
LONDON—Ninety-six U.K. credit unions have applied for funding from the new Lloyds Banking Group Credit Union Development Fund, according to MortgageFinanceToday.com.
LONDON—The Genesis Housing Association here, which manages 33,000 homes across 88 local authority areas in London and the East of England, is seeking to partner with one or more credit unions to provide residents with improved financial services options.